As Second Quarter 2013 draws to a close today, it is not too late to examine how public banks’ balance sheets are repricing in the next 12 months. Yes, the data from 3-31-13 is soon [...]
Banks moved higher again yesterday, continuing their recent outperformance trend versus the broad market. While the KRX-Regional Banking Index has gained 3.7% so far this week, the S&P 500 [...]
WIBC-Wilshire Bancorp announced the resignation of Chief Credit Officer Jack Choi on Thursday. Choi, whose last day is Friday, is expected to become CEO of UIFC-Uniti Financial Corp, a small [...]
On June 26th, BXS-BancorpSouth announced plans to redeem its 8.15% trust preferred with $125 Million outstanding. It will be funded with $50 Million in borrowings and $75 Million from excess [...]
Ongoing economic improvement in the Charleston, SC MSA should permit ongoing profitability at SOCB-Southcoast Financial. More importantly, the company is now closer-than-ever in a position to [...]
Most Active Repurchases-Table 1.pdf Most Active Repurchases-TCE-Table 2.pdf With the recent market volatility we thought it would be a good time to review which banks/thrifts have been active [...]
M&A Analysis 6-27-13 HOMB Acquires Liberty We are maintaining our 2013E EPS at $1.26 and increasing our 2014E EPS by $0.30 to $1.65 to reflect the acquisition of Arkansas based Liberty [...]
UCBI Update 6-27-13 UCBI-United Community Banks announced the sale of $172 million of problem assets requiring an additional $50 million write-downs above expected 2Q13 net charge-offs. The [...]
NOVB-North Valley Bancorp approved a buyback program covering 340,000 shares, or up to 5% of outstanding, the company announced late Wednesday. Although the company said any repurchases would be [...]
Short Interest Stats 6-14-13 Short Interest on the major exchanges rose during the first two weeks of June, per statistics released overnight. The NYSE saw the largest increase since last May, [...]
